AI will take your job | Mark Cuban

the amount of change we're going to see over the next five years 10 years will dwarf everything that's happened over the last 30 we went from automating pen and paper right with spreadsheets to connecting PCS into local networks to you know connecting them Connecting People locally yeah locally right to connecting networks to get the internet to getting the network effect of communicating people globally but now we're introducing machine intell you know artificial intelligence machine learning deep learning neural networks Etc so and what that enables is the automation of automation right and so the people who

were writing software particularly at the lower end unless you are doing these Advanced things they're gone right the people that software is writing itself and doing s right it's just math programmer back in the day so when I was writing code it was the algorithms were if this then that right ex or whatever it may be right but you had to guess right you had to use your your best instance then it got smarter and smarter and smarter and libraries to do bigger and better things all that is being automated and so now you have

to know how to use that stuff so either software works for you or you work for software and once the software takes over you're gone right so unless you understand that you don't understand the nature of work is changing the nature of employment is going to change and from a business from a stock perspective if you're in the Fortune 500 um if you're an S S&P 5 500 company if you're in the Dow 30 right if you're one of the bigger companies you already know this and in talking to a lot of these big companies

they know their Workforce is you know and given the supply and demand of stocks the supply is shrinking right and the demand is going up just as the economy grows that's probably good news for stocks over the long term but it's bad news for employment and it's bad news for people who are disrupted well and that's part of the thing right is that is that there's a time when GM was the largest employer and the company like GM was what employment looked like if Facebook's what it looks like the revenue per employee at Facebook is

infinitely larger than than any aut any manufacturer could make the difference is the time lag right the timeline so what took 20 years before and then became 10 could be five or three and so when you start getting that massive amount of disruption in employment what do you do the whole nature of employment is going to change there aren't manufacturing jobs coming back there aren't more coal mining jobs coming back no matter what you do to the EPA they are going to be a lot of these jobs are going to be gone now the there's

still physical things if you do infrastructure you can kind of you know buy some time right spend more get temporary jobs to build roads build Bridges which is all fine and good right I think you can get a return on much of those things but you we you're going to have to recognize that there going to be more people out of work so you know through this Innovation yeah so ESS what you're make the case for is is education and job training for grownups no no no I think that won't matter right what are you

going to go back and learn to do what it takes right I whether it's whether it's Finance whether it's software programing Finance that's the easiest thing you just take the data and have it spit out whatever you need right you're I personally think there's going to be a greater demand in 10 years for Liberal Arts Majors than there were for programming majors and maybe even engineering because when the data is all being spit out for you you or you know options are being spit out for you you need a different perspective in order to have

a different view of the data and so having somebody who's more of a Freer thinker and you know because if everything's being if automation is being automated you just learn the tax rules you just you just feed the automation the tax rules and it does the rest for you so English majors of the world should celebrate I I think English philosophy you know um foreign language Majors maybe not now they're going to start for a while but that's not even the real issue right the real issue is if 1 million two million three million five

million people have their jobs disrupted and we all we see the direction everything is going and how quickly is going what are you going to do with them